Oracle 1Z0-1054-26 : Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional

1Z0-1054-26 real exams

Exam Code: 1Z0-1054-26

Exam Name: Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional

Updated: Sep 18, 2026

Q & A: 145 Questions and Answers

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Oracle 1Z0-1054-26 Exam Syllabus Topics:

SectionObjectives
Advanced Financials Features- Intercompany accounting
  • 1. Intercompany transactions
    • 2. Balancing and eliminations
      - Allocations and automation
      • 1. Allocation rules
        • 2. Automated accounting processes
          Security and Integration- Role-based access control
          • 1. Financial roles and privileges
            - Integration with subledgers
            • 1. Data import and export processes
              • 2. AP/AR integration with GL
                Journal Processing- Journal creation and management
                • 1. Manual journals
                  • 2. Recurring journals
                    - Journal approvals and posting
                    • 1. Posting process and controls
                      • 2. Approval workflows
                        General Ledger Configuration- Accounting configuration
                        • 1. Currency setup and revaluation
                          • 2. Accounting calendars
                            - Enterprise structure setup for Financials
                            • 1. Chart of Accounts design and setup
                              • 2. Ledger configuration
                                Accounting and Close Processes- Period close activities
                                • 1. Close monitoring and reconciliation
                                  • 2. Subledger to GL reconciliation
                                    - Financial reporting
                                    • 1. Financial Reporting Studio usage
                                      • 2. Account analysis and reporting

                                        Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Sample Questions:

                                        Question #1

                                        You need to integrateFusion Accounting Hubwithexternal source systemsused forBilling. Identify the step that isnot correctwhen implementing this integration.

                                        • A. Capture accounting events.
                                        • B. Determine the accounting impact of transactions.
                                        • C. Create the accounting in the source system and then import the journal entries into subledger accounting.
                                        • D. Analyze external system transactions.
                                        Reveal Solution  Discussion  0

                                        Correct Answer: C  🗳️

                                        Question #2

                                        You are creating values for thechart of account value setthat you are planning to use for theaccount segmentwithin yourChart of Accounts. You are not able to assign anAccount Type.
                                        What is the reason for this?

                                        • A. You have not set the Allow Budgeting attribute for the value set.
                                        • B. You are creating values before assigning the value set to the structure.
                                        • C. The Account Type qualifier has not been enabled when defining the value set.
                                        • D. You have not set the Allow Posting attribute for the value set.
                                        Reveal Solution  Discussion  0

                                        Correct Answer: C  🗳️

                                        Question #3

                                        You want to create an Ad Hoc Analysis in Smart View; you enter the following dimensions for the report and click Refresh in the POV.

                                        You get #Missing instead of a balance. What value did you not specify, which resulted in this?

                                        • A. Product
                                        • B. A particular currency
                                        • C. Intercompany
                                        • D. Cost Center
                                        Reveal Solution  Discussion  0

                                        Correct Answer: B  🗳️

                                        Question #4

                                        Financial Reporting Web Studio is a powerful tool within the Oracle Fusion Cloud suite, designed to empower financial professionals with advanced reporting capabilities.
                                        Which two are key capabilities of Financial Reporting Web Studio?

                                        • A. It uses a drag and drop interface for report design.
                                        • B. It helps group reports or books into batches for processing or scheduling.
                                        • C. It can be used to create financial statements.
                                        • D. It provides Batch Bursting options including e-mail and print.
                                        Reveal Solution  Discussion  0

                                        Correct Answer: A,C  🗳️

                                        Question #5

                                        You have decided to use the Journal Attachments Audit feature to monitor and adhere to compliance policies.
                                        Journals created from which mode are eligible for auditing?

                                        • A. Journals created using Journal Import
                                        • B. Journals created using FBDI templates
                                        • C. Journals created using ADFdi
                                        • D. Journals created in the user interface
                                        Reveal Solution  Discussion  0

                                        Correct Answer: D  🗳️

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